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Sep 30, 2020
U.S. Cellular Q3 2020 Earnings Report
U.S. Cellular reported strong subscriber and financial results, driving guidance raise, and is focusing on 5G and network modernization strategies to connect underserved markets.
Key Takeaways
U.S. Cellular reported total operating revenues of $1,027 million for the third quarter of 2020, with net income attributable to UScellular shareholders of $85 million, or $0.97 per diluted share. The company experienced low churn, growth in retail net additions, and higher ARPU, leading to increased profitability and an increase in expectations for full-year financial results.
Generated impressive financial and subscriber results with low churn.
Saw growth in retail net additions through an increase in connected devices.
Had higher ARPU which, combined with maintaining operational and cost discipline, helped to drive increases in profitability.
Successfully completed an extended range 5G millimeter wave data session, expanding reach and speed for rural customers.
Forward Guidance
UScellular's current estimates of full-year 2020 results are shown below. Such estimates represent management’s view as of November 5, 2020
Historical Earnings Impact
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Avg. Return Before/After Earnings
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